DoJ eyeing the “inevitable” – criminal raps against Rappler
After the Securities and Exchange Commission (SEC) cancelled Rappler’s registration, the Department of Justice is now eyeing the “inevitable” – criminal charges against the men and women behind the popular online news outfit.
“Yes, it will cover all angles,” Justice Secretary Vitaliano Aguirre II said when asked if criminal charges maybe filed against those involved in Rappler’s daily operations.
Aguirre also said his office has started reviewing SEC’s decision and the legal issue involving Rappler’s ownership.
“I have directed my legal staff to study the legal issues of this case,” he said.
In an order, SEC revoked Rappler’s corporate registration, saying it violated constitutional provision on foreign ownership.
Article 16, Section 11 (1) of the 1987 Constitution provides that ownership and management of media “shall be limited to citizens of the Philippines, or to corporations, cooperatives or associations, wholly owned and managed by such citizens.”
SEC, the commission tasked to regulate companies, specifically cancelled the multimedia news organization’s license, accusing it of effecting a “deceptive scheme to circumvent the Constitution.”
The decision, dated Jan. 11, canceled Rappler’s certificate of incorporation and the Omidyar Philippine Depository Receipts (PDRs), which are instruments that give foreign investors a passive economic interest in a Philippine company.